Press release No. 484 of 14 October 2021
Producer prices of agricultural products, total, in August 2021
+13.3% on the same month a year earlier
+1.2% on the previous month
Prices of plant products:
+23.4% on the same month a year earlier, caused by higher grain and rape prices
Prices of animal products:
+6.9% on the same month a year earlier, caused especially by higher prices of beef and milk
WIESBADEN – Producer prices of agricultural products were 13.3% higher in August 2021 than in August 2020. The prices were up by 1.2% on July 2021. The Federal Statistical Office (Destatis) also reports that the strong 23.4% increase in the prices of plant products in August 2021 compared with August 2020 was mainly due to higher grain prices, as in the last few months. These were 34.4% higher in August 2021 than a year earlier, which was the largest increase since January 2013. In July 2021, the prices had already changed by as much as +21.2%. The increases in grain prices were due to the partly low yields in Germany and to the reduced yields forecast worldwide.
Methodological note:
Complete results for years, business years and months of the producer prices of agricultural products are available in the GENESIS-Online database in tables 61211-0001 to 61211-0003.
